Source: THR

Cyrus Voriff and Ethan Reiff will pen Karate Kid 2 for Sony. The pair found success with Kung Fu Panda, which raked in more than $630 million worldwide after opening during Summer 2008.

Karate Kid was able to top The A-Team by a mile when it opened in June, and it was all uphill from there. The reboot has grossed nearly $300 million worldwide.

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predictions827.pngThe Last Exorcism: 2,874 (new)
Takers: 2,206 (new)
Avatar: Special Edition: 812 (new)
The Expendables: 3,398 (+128)
Vampires Suck: 3,233 (+0)
The Other Guys: 3,181 (-291)
Eat Pray Love: 3,108 (+26)
Nanny McPhee Returns: 2,798 (+14)
Piranha 3D: 2,491 (+21)
The Switch: 2,017 (+5)
Lottery Ticket: 1,973 (+0)
Inception: 2,070 (+331)
Despicable Me: 1,824 (-412)
Scott Pilgrim vs. the World: 1,560 (-1,260)
Salt: 1,168 (-626)


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Jeremy Renner will star alongside Tom Cruise in Paramount's Mission: Impossible 4. The project will be directed by Brad Bird (The Incredibles) and produced by J.J. Abrams. M:I 4 hits theaters on December 16, 2011.

Renner is on the rise in a major way after starring in The Hurt Locker. The September he'll be seen opposite Ben Affleck in The Town, and he recently landed a gig as Hawkeye in Marvel's Avengers movie, which is due in 2012.

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I Love You Phillip Morris will be distributed in the United States by Roadside Attraction on December 3. The film stars Jim Carrey as a married man who falls in love with his cellmate (played by Ewan McGregor) and tries to break out of prison to be with him.

Phillip Morris has had a tough time making its way to American theaters. It was originally set to open on February 12, then March 26 and April 30.

The official release:

LOS ANGELES -- Roadside Attractions and Liddell Entertainment have acquired U.S. and Canadian rights from EuropaCorp to I LOVE YOU PHIILLIP MORRIS, co-directed and co-written by Glenn Ficarra and John Requa (co-writers of BAD SANTA), based on the non-fiction book by former Houston Chronicle investigative reporter Steve McVicker, and starring Jim Carrey, Ewan McGregor, Leslie Mann and Rodrigo Santoro. The eagerly-anticipated film, produced by Andrew Lazar and Far Shariat with Luc Besson as executive producer, has been a buzz-worthy title since world premiering at the 2009 Sundance Film Festival, screening as part of Directors' Fortnight at the Cannes Film Festival and opening to huge critical-acclaim internationally. The North American deal was announced jointly by Howard Cohen, Co-President of Roadside Attractions and Mickey Liddell of Liddell Entertainment. Roadside Attractions plans a December 3, 2010 release.

"Audiences who know this is from the creators of Bad Santa will be thrilled that it's as outrageous as they'd expect," said Liddell, who partnered with Roadside Attractions in releasing Chris Rock's GOOD HAIR in 2009. "It's a true-life, daring, crazy love story with fascinating lead performances by Jim Carrey and Ewan McGregor"

"Jim and Ewan once again prove themselves to be among the rare group of A-list actors who take the risks, embrace them and wildly succeed," added Cohen. "This is a film that everyone has been talking about, and we're thrilled it became available again, as we had been in hot pursuit of it at Sundance and were disappointed it was one that got away."

I LOVE YOU PHILLIP MORRIS is the improbable but true story of a spectacularly charismatic conman's journey from small-town businessman to flamboyant white-collar criminal, who repeatedly finds himself in trouble with the law and on the lam, brilliantly escaping from the Texas prison system on four separate occasions - all in the name of love.

EuropaCorp. was represented by CAA and WME, and the deal negotiated by Howard Cohen and attorney Greg Bernstein on behalf of Roadside Attractions and Liddell and attorney Robert Darwell of Shephard Mullin on behalf of Liddell Entertainment.

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